Toyota to cut 50-70% production in China
Updated: 2011-04-21 10:44
By Zhao Tingting (chinadaily.com.cn)
Toyota Motor Co announced it will cut 50 to 70 percent of production in China, Sina.com reported Thursday.
The production cuts are due to insufficient supply of parts caused by the devastating earthquake and tsunami in Japan. Toyota, the world's largest automaker, said the production cut will last until June 5.
China is the third largest production base for Toyota, with factories mainly located in Tianjin, Guangzhou and Sichuan.
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